Crown Holdings, Inc. $CCK Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 4.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,810 shares of the industrial products company’s stock after purchasing an additional 131 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Crown were worth $251,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jump Financial LLC purchased a new stake in shares of Crown during the fourth quarter worth approximately $243,000. NewEdge Advisors LLC increased its stake in shares of Crown by 588.0% during the fourth quarter. NewEdge Advisors LLC now owns 5,566 shares of the industrial products company’s stock worth $460,000 after buying an additional 4,757 shares during the period. Marshall Wace LLP increased its stake in shares of Crown by 19.9% during the fourth quarter. Marshall Wace LLP now owns 4,643 shares of the industrial products company’s stock worth $384,000 after buying an additional 769 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Crown by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,553,632 shares of the industrial products company’s stock worth $128,464,000 after buying an additional 12,784 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Crown during the fourth quarter worth approximately $465,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Insider Buying and Selling at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the transaction, the chief accounting officer owned 122,585 shares in the company, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 37,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total value of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares of the company’s stock, valued at $46,464,351.36. The trade was a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,222 shares of company stock valued at $5,873,770 in the last quarter. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CCK has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on Crown from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Barclays upped their price target on Crown from $109.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Royal Bank Of Canada upped their price target on Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company upped their price target on Crown from $101.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Finally, Bank of America upped their price target on Crown from $110.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Crown has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

Crown Price Performance

CCK stock opened at $100.8790 on Friday. The company has a market capitalization of $11.74 billion, a P/E ratio of 21.19, a PEG ratio of 1.55 and a beta of 0.74. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The business has a 50 day simple moving average of $103.24 and a 200-day simple moving average of $95.40. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

Crown (NYSE:CCK) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a $0.26 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.0%. Crown’s dividend payout ratio is presently 21.85%.

Crown Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.